IFAC: IAASB notes progress toward the clarified ISAs

21 May 2014

The IAASB is pleased to note that the number of jurisdictions using, or committed to using, the clarified ISAs has passed 100—marking an important achievement in global convergence.

The ISAs were thoroughly redrafted and revised during the IAASB’s Clarity Project, which finished in early 2009. Since then, the IAASB has monitored the uptake of the clarified ISAs. With the recent addition of several African countries – a development noted by IAASB Chairman Prof. Schilder during his recent speech in Cameroon in May – there is significant use of the clarified ISAs across six continents.

"We have seen a steady increase in the use of the Clarified ISAs over the years, with the ISAs also now translated into many languages. This demonstrates the importance the global community attaches to a set of global auditing standards that can be used for high-quality audits in both the private and public sectors", noted Prof Schilder.

Press release

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